[eng] Transitory and permanent components of saving and investment: an empirical study of . international capital flows in Japan by Eric Girardin, Lucio Sarno and Mark P. Taylor . This paper presents an empirical study of the difference between the short- and the long-run saving-investment...

[fre] Le nouveau SME est-il plus asymétrique que l'ancien ? par Christian Bordes, Éric Girardin et Velayoudom Marimoutou . Le présent article s'efforce de renouveler l'examen des relations d'asymétrie entre les taux d'intérêt des pays membres du SME et les taux d'intérêt allemand, de...

[eng] Problems of measurement of the credibility of an exchange rate target zone. . Recent breakthroughs in the theory of exchange rate target zones have not been followed by similar contributions on the empirical side. Most of the estimates of expected depre­ciation inside the band do not take...